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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things that you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion...
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in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here? boehner has two debt limit votes and reid has one. let's get it done. reid's plan also has deep cuts to the pentagon budget, and it assumes that the wars are going to eventually end in iraq and afghanistan on a date, right? now, boehner's problem with the reid plan is that it takes the big three right off the table. and, of course, the real republican two-step is to kill the new deal and defeat of president obama and create more opportunities for more tax breaks at the top. neither one of these plans tonight, it must be pointed out that th
in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here?...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended the clinton
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of...
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lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress gave him a debt ceiling increase 18 times. would you have voted no on every one of the 18 ronald reagan debt ceiling increases? >> lawrence, i'll give you an honest answer, i don't know. what's interesting to me is -- >> so there might have been a debt ceiling increase you might have voted for, just not a obama debt ceiling increase. >> no, no, no. 20 to 30 years ago, who knows. what i find interesting -- you're right in your history, why is the debt ceiling such a big issue now? and i guess my answer would be is because the crisis is s
lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress...
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so tomorrow evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman claire, the president asked the american people to call their congressmen, and we understand that some sites crashed, we're hearing that the server for the house is still down. what are you hearing? >> we're hearing from our constituents to make sure we don't have a default. we have to find a solution in a bipartisan way. i know there's two competing interests here, but i'm hoping that we get together and work something out. >> obviously congressman kinninger, a number of your colleagues said they would not support john boehner's plan, so i'm wondering i
so tomorrow evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman...
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so let's break it down with the big boys. charlie cook, publish of the cook report and stu, editor of the rot then berg political report. >> he's already making fat jokes. >> by the way, it's louisiana week. i had john brill here yesterday and i get charlie today. we can look at where we are, busting out the ipad. i know that you guys love this. it's a 53/47 majority. they have to net four or three if republicans get the presidency. so let's look at the best opportunity for stu for the republican. we put up, you seem to collectively agree, six states that are already leaning republican or pure toss ups. >> north dakota was in the bank already. it's a good, open seat. and then after that you go to three or four races and i think even money for the republicans and you have to like how they started. that would be nebraska, montana, or missouri in difficult states fundamentally leaning states. >> look, charlie cook, you take those four, pure toss ups all the way to election day, take those other four. of those four, which ones sh
so let's break it down with the big boys. charlie cook, publish of the cook report and stu, editor of the rot then berg political report. >> he's already making fat jokes. >> by the way, it's louisiana week. i had john brill here yesterday and i get charlie today. we can look at where we are, busting out the ipad. i know that you guys love this. it's a 53/47 majority. they have to net four or three if republicans get the presidency. so let's look at the best opportunity for stu for...
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he said we need a long-term solution, he said we need a big solution, a grand solution, the president offered that, it was clear that he could have gotten that deal, in my opinion. the first time that he walked away from the deal, and i'm absolutely convinced, having talked to the president, he could have gotten a deal the second time he walked away. the problem is i think his party wants to play politics, his party irresponsibly wants to hold hostage the credit of the united states and every american's credit to politics. hopefully mr. boehnorç will return to his original concept that we ought to have a long-term, get us out of the election era, and what he's always said he wants is stability to businesses can count on our policies. well, he's suggested something absolutely the opposite of what he said is good policy. >> congressman hoyer, i appreciate your semantic correction of what i said about the democrats -- >> schumer said that. >> my point about it, though, is that -- and i think senator schumer's point can also be taken is we have a history here now, going back the last fe
he said we need a long-term solution, he said we need a big solution, a grand solution, the president offered that, it was clear that he could have gotten that deal, in my opinion. the first time that he walked away from the deal, and i'm absolutely convinced, having talked to the president, he could have gotten a deal the second time he walked away. the problem is i think his party wants to play politics, his party irresponsibly wants to hold hostage the credit of the united states and every...
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expedia. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you. >>> quick look at the top stories on msnbc.com right now. the number one as you might have imagined, is president and speaker boehner going head to head last night on television. number two, man survives three days in a snake-infested manhole. number three, how to get in touch with extra-terrestrials, using your home radio. our producer rob gifford has answers to what you're doing up this morning. >> michelle in st. louis writes, i'm awake because my cat got stuck in a plastic so shopping bag and came running into my room to be freed at 4:25 a.m. >> people whose pets have been
expedia. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. -why? -why? -why? [ female announcer ] we all age differently. roc® multi-correxion 4 zone moisturizer with roc®retinol and antioxidants. lines, wrinkles, and sun damage will fade. roc multi-correxion. correct what ages you....
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. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess in the first place, talking about that. listening to all the floor speech, primetime addresses and press conferences you may actually think something is getting done. but if that was the case we'd have already raised the debt ceiling and moved on to restructuring bank, trade taxes in order to create jobs and prosperity for america. that's downright crazy. luke russert starts us off on capitol hill with the latest on the debt ceiling. >> reporter: the latest on the professional wrestling as you like to call it, right, dylan? >> where's the hulkster? right. >> r
. >>> the big story for everybody out there -- now what? lots of false debate on capitol hill, a week from the treasury's default deadline. sort of invented in its own right. a tuesday in new york. good news, not at hot as it was. my name is dylan ratigan. pleasure to see you. the president and speaker of the house delivering speeches that have absolutely nothing to do with where the fault or blame now stands. more importantly, underlying structural problems that got us into this mess...
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what is thought to be a basic subatomic particle and proof is provided by the big bang machine. these are massive 17 or 18-mile-long particle accelerators built in geneva, switzerland and illinois. and so what is the god particle and what is confirmation of the existence after decades of searching actually mean? joining me is eric pits from the franklin institute, chief astronomer, and derrick, this is going to grab a lot of people's attention and why is it called the god particle, and what is it? >> well, the god particle is known as a higgs bosign and it is by the standard methods of physics not discovered yet. this is crucial, because it is the one particle that scientists will help us to understand basic things about the universe as you said, be one of the most basic ones is that we don't understand why particles have mass, so it is hoped that by discovering this particle we might be able to figure that out as well as figure out things about the early history of the universe, et cetera, et cetera. >> and derrick, tell us more ant the big bang machines, and these are the mach
what is thought to be a basic subatomic particle and proof is provided by the big bang machine. these are massive 17 or 18-mile-long particle accelerators built in geneva, switzerland and illinois. and so what is the god particle and what is confirmation of the existence after decades of searching actually mean? joining me is eric pits from the franklin institute, chief astronomer, and derrick, this is going to grab a lot of people's attention and why is it called the god particle, and what is...
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i'm contessa brewer covering the big news coast to coast. the big story, dysfunction junction. seven days and counting to the august 2nd debt default deadline. the two sides seem even further apart. >> right now there's no danger of any bill getting to the president's desk because we're at stalemate. >> it seems an edge bridgeable gap. >> the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> in back-to-back speeches president obama and house speaker john boehner laid out duelling debt plans. >> we can't allow the american people to become collateral damage to washington's political warfare. >> president obama pushing what he calls a balanced approach. including spending cuts and raising tax revenue. >> the sad truth is that the president wanted a blank check six months ago and he wants a blank check today. >> john boehne
i'm contessa brewer covering the big news coast to coast. the big story, dysfunction junction. seven days and counting to the august 2nd debt default deadline. the two sides seem even further apart. >> right now there's no danger of any bill getting to the president's desk because we're at stalemate. >> it seems an edge bridgeable gap. >> the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> in back-to-back...
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. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracey potts has more from washington. >> we're now one week away from the deadline for default and it looks like the white house and congress are no closer to a deal. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before. and we can't afford to play it now. >> reporter: president obama is taking his behind closed doors fight public, urging taxpayers to pressure republicans into considering taxing the wealthiest americans. >> the pre
. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit...
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>> quite a big one, contessa. we can report that earlier this morning the house call center the communication arm of the house in charge of all the house telephones sent out an email to members saying quote, due to the high volume of external calls to the house telephone circuits they are near capacity. some members should be receiving busy signals. several house websites crashed specifically that of speaker of the house john boehner. the question is whether or not it will transfer into some sort of change of what the status quo is right now and that really is both sides digging in quite rigidly on their plans. democrats supporting harry reid's plan the $2.7 trillion cut across the board. republicans in favor of john boehner's plan, with an extension of the debt limit. that's where both sides are still very much. >> kristen, let's talk with you about where the white house goes from here. can they capitalize on this? the people are willing to go online -- i had trouble getting on the house website today maybe not c
>> quite a big one, contessa. we can report that earlier this morning the house call center the communication arm of the house in charge of all the house telephones sent out an email to members saying quote, due to the high volume of external calls to the house telephone circuits they are near capacity. some members should be receiving busy signals. several house websites crashed specifically that of speaker of the house john boehner. the question is whether or not it will transfer into...
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go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think that's a much better approach, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. >> that was the president addressing the nation from the east room earlier this evening. joining me now is jerrold bernstein, the former chief economist to vice president biden. he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compro
go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think...